Market Flux Event
Trump Says US Iran Campaign Won't Last Much Longer After Striking Mine-Rocket Program
President Trump said on September 2 that the renewed U.S. military campaign against Iran will not continue for much longer, while also signaling he is prepared to order additional strikes if necessary. Speaking publicly, Trump said he does not think the conflict "will be much longer" but left open the option of another attack on Iran.
Trump disclosed that Iran had been attempting to rebuild its radar and missile systems and was developing a rocket designed to drop mines, a weapons program he said the U.S. military had destroyed. The strikes fit within a broader renewed campaign that CENTCOM said was prompted by Iranian Revolutionary Guard Corps attacks on commercial shipping in the Strait of Hormuz and on American service members in the region.
The flare-up follows a pattern of escalation and retaliation: Iran responded to earlier U.S. strikes by launching missiles at American sites in Jordan, which were intercepted, while the UAE reported stopping an Iranian drone over its waters. Oil futures climbed above $94 a barrel after the latest round of U.S. strikes was announced, reflecting market concern about Hormuz Strait stability. Pakistan said it remains engaged with both Tehran and Washington in a diplomatic effort, though the spike in violence has complicated those talks.
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Sources
- DeItaoneTRUMP: RENEWED CAMPAIGN ON IRAN WON'T TAKE TOO LONG
- WallstengineTRUMP ON IRAN: RENEWED CAMPAIGN AGAINST IRAN WON'T CONTINUE FOR TOO LONG.
- FaststocknewssTRUMP SAYS RENEWED CAMPAIGN AGAINST IRAN WON'T CONTINUE FOR TOO LONG Trump says Iran was trying to rebuild radar and missile systems, and was trying to build a rocket that drops mines, which he says the US took out.
- FirstSquawkTRUMP SAYS ON IRAN THAT THE RENEWED CAMPAIGN AGAINST IRAN WON'T CONTINUE FOR TOO LONG, SAYING IRAN WAS TRYING TO REBUILD RADAR AND MISSILE SYSTEMS AND TO BUILD 'A ROCKET THAT DROPS MINES', WHICH THE U.S. 'TOOK OUT'
- StaunovoTrump on Iran war: do not think it will be much longer
- BusinessPresident Donald Trump said renewed attacks on Iran would likely be short-lived, reiterating his claim that the US controls the crucial Strait of Hormuz after fresh fighting spiked energy prices and rekindled fears of an open-ended war